Putnam Station, Essex County, New York Property Taxes
Median Putnam Station, NY effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Putnam Station, NY home value: $212,000
Median annual Putnam Station, NY tax bill: $3,556, $1,156 higher than the national median property tax bill of $2,400.
How are property taxes in Essex calculated?
Property taxes in Putnam Station, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Putnam Station’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Putnam Station, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Putnam Station, Essex County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.39%
Estimate Property Tax Bill
$3,629
$3,368
Property Tax Rates Across Putnam Station, Essex County, New York
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play roles in setting these rates and budgets, this is the fundamental process.
In Putnam Station, Essex County, NY, the effective property tax rate is notably higher than the national median of 1.02%. This rate is also above the median property tax rate for New York State. Such differences highlight the variability in property tax rates across different regions.
The higher property tax rate in Putnam Station reflects the local government's budgetary needs and the total taxable property value within the area. For property owners, understanding these dynamics is crucial for financial planning and potential tax appeals. Comparing Putnam Station’s rate to other cities in New York and the national median provides valuable insight into the local tax landscape. By examining these rates, property owners can better navigate their tax obligations and explore opportunities for appealing or reducing their property taxes.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Putnam Station Tax Rate
1.39%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Essex County Tax Rate
1.46%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Putnam Station, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12861 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Putnam Station, Essex County, New York
When examining property taxes in Putnam Station, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Essex County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Essex County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Putnam Station. For example, the median home price in Putnam Station is $212,000, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Putnam Station, Essex County, New York
Source: Ownwell
$43,691
$306,846
$570,000
Median Putnam Station Market Value
$261,100
Median Essex County Market Value
$196,900
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Putnam Station, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12861 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Putnam Station, Essex County, New York
Median Putnam Station Tax Bill
$3,783
Median Essex County Tax Bill
$3,045
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Putnam Station, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12861 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell